Morgan Stanley, which is essentially a global investment bank paired with a large wealth management business, stands to benefit from one of the best trading quarters in years.
The New York-based bank runs the biggest stock-trading business on Wall Street, as well as a bond trading division that punches above its weight.
, Morgan Stanley has emphasized its wealth management division. He doubled down on that with the acquisition of E-Trade, a deal that will close in the fourth quarter.
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